Question: please solve this problem without using Excel and show all steps Using the following table of spot rates, calculate the total value at time 5

please solve this problem without using Excel and show all steps please solve this problem without using Excel and show all steps Using

Using the following table of spot rates, calculate the total value at time 5 of the following three cash flows: 2,000 at time 0 2,000 at time 2 2,000 at time 4 Assume that the cash flows at time 2 and at time 4 are invested at today's forward rates. Term (years) 2 3 4 5 Spot rate 6.00% 6.10% 6.40% 6.80% 7.50% 1 A. 7,629 B. 7,729 C. 7,829 D. 7,929 E. 8,029

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